Energy Equipment and Services
Company Overview of AKOFS Offshore AS
AKOFS Offshore AS provides vessel-based subsea well construction and intervention services to the oil and gas industry. It offers riser based well intervention services that include slickline and electric line well intervention, coiled tubing well intervention, well testing and well clean-up, and well stimulation and pumping; and riserless well intervention services that include well logging, light perforating and zone isolation, and plug setting and removal. The company also provides subsea intervention and construction services; light drilling services that include through tubing drilling with coil and downhole motor, and through tubing rotary drilling with slim pipe and system for managed...
Karenslyst Allé 57
Founded in 2006
Key Executives for AKOFS Offshore AS
Chief Executive Officer and President
Senior Vice President of Operations
Regional President of North America
Vice President of Project & Technology
Compensation as of Fiscal Year 2015.
AKOFS Offshore AS Key Developments
AKOFS Offshore Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015
Apr 28 15
AKOFS Offshore reported unaudited earnings results for the first quarter ended March 31, 2015. For the first quarter, the company reported operating revenue and other income of NOK 168 million compared to NOK 394 million a year ago. LBITDA was NOK 24 million compared to EBITDA of NOK 41 million a year ago. LBIT was NOK 109 million compared to NOK 39 million a year ago. CAPEX and R&D capitalization was NOK 967 million compared to NOK 2 million a year ago.
AKOFS Offshore Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
Feb 10 15
AKOFS Offshore reported unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported operating revenue and other income of NOK 256 million compared to NOK 428 million a year ago. EBITDA was NOK 51 million compared to NOK 83 million a year ago. LBIT was NOK 21 million compared to EBIT of NOK 2 million a year ago.
For the full year, the company reported operating revenue and other income of NOK 1,542 million compared to NOK 906 million a year ago. EBITDA was NOK 175 million compared to NOK 7 million a year ago. LBIT was NOK 1,117 million compared to NOK 640 million a year ago. CAPEX and R&D capitalization was NOK 46 million.
Aker Oilfield Services Wins $465 Million Contract from Petrobras
Sep 15 14
A subsidiary of Aker Solutions won a $465 million contract for work off the coast of Brazil. Subsidiary Aker Oilfield Services secured the five-year contract from Brazilian energy company Petrobras. The Norwegian company said a support vessel in a shipyard in Norway will be converted for deep water operations under the terms of the contract. The vessel will be used to help install and retrieve equipment used to recover oil from fields off the Brazilian coast. The contract begins in the fourth quarter of 2016.
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